BUSINESS SEGMENTS

6 Months Ended

Apr. 03, 2021

Segment Reporting [Abstract]

BUSINESS SEGMENTS

(10) BUSINESS SEGMENTS:

We operate principally in two reportable segments – package stores and restaurants. The operation of package stores consists of retail liquor sales and related items. Information concerning the revenues and operating income for the thirteen weeks and twenty-six weeks ended April 3, 2021 and March 28, 2020, and identifiable assets for the two reportable segments in which we operate, are shown in the following table. Operating income is total revenue less cost of merchandise sold and operating expenses relative to each segment. In computing operating income, none of the following items have been included: interest expense, other non-operating income and expenses and income taxes. Identifiable assets by segment are those assets that are used in our operations in each segment. Corporate assets are principally cash and real property, improvements, furniture, equipment and vehicles used at our corporate headquarters. We do not have any operations outside of the United States and transactions between restaurants and package liquor stores are not material.

	(in thousands)
	Thirteen Weeks Ended April 3, 2021			Thirteen Weeks Ended March 28, 2020
Operating Revenues:
Restaurants	$	25,739		$	23,528
Package stores		7,830			6,027
Other revenues		788			573
Total operating revenues	$	34,357		$	30,128
Income from Operations Reconciled to Income After Income Taxes and Net Income Attributable to Noncontrolling Interests
Restaurants	$	2,037		$	1,962
Package stores		735			590
		2,772			2,552
Corporate expenses, net of other revenues		21			(1,035	)
Income from operations		2,793			1,517
Interest expense		(248	)		(198	)
Interest and other income		19			13
Gain on forgiveness of PPP loans		3,653			—
Gain on sale of property and equipment		8			—
Income Before Provision for Income Taxes	$	6,225		$	1,332
Provision for Income Taxes		(533	)		88
Net Income		5,692			1,420
Net Income Attributable to Noncontrolling Interests		(3,241	)		(772	)
Net Income Attributable to Flanigan’s Enterprises, Inc.
Stockholders	$	2,451		$	648
Depreciation and Amortization:
Restaurants	$	578		$	629
Package stores		87			90
		665			719
Corporate		97			96
Total Depreciation and Amortization	$	762		$	815
Capital Expenditures:
Restaurants	$	5,523		$	433
Package stores		169			54
		5,692			487
Corporate		454			220
Total Capital Expenditures	$	6,146		$	707

	Twenty Six Weeks Ended April 3, 2021			Twenty Six Weeks Ended March 28, 2020
Operating Revenues:
Restaurants	$	48,510		$	48,161
Package stores		15,841			11,734
Other revenues		1,386			1,174
Total operating revenues	$	65,737		$	61,069
Income from Operations Reconciled to Income After Income Taxes and Net Income Attributable to Noncontrolling Interests
Restaurants	$	3,217		$	3,697
Package stores		1,450			973
		4,667			4,670
Corporate expenses, net of other revenues		(604	)		(1,922	)
Income from Operations		4,063			2,748
Interest expense		(527	)		(402	)
Interest and Other Income		31			25
Gain on forgiveness of debt		3,653			—
Gain on sale of property and equipment		33			—
Income Before Provision for Income Taxes	$	7,253		$	2,371
Provision for Income Taxes		(529	)		(30	)
Net Income		6,724			2,341
Net Income Attributable to Noncontrolling Interests		(3,493	)		(1,199	)
Net Income Attributable to Flanigan’s Enterprises, Inc.
Stockholders	$	3,231		$	1,142
Depreciation and Amortization:
Restaurants		1,171			1,264
Package stores		176			174
		1,347			1,438
Corporate		189			194
Total Depreciation and Amortization	$	1,536		$	1,632
Capital Expenditures:
Restaurants	$	6,287		$	1,134
Package stores		282			157
		6,569			1,291
Corporate		682			349
Total Capital Expenditures	$	7,251		$	1,640

	April 3,		October 3,
	2021		2020
Identifiable Assets:
Restaurants	$	59,169	$	55,030
Package store		13,663		13,771
		72,832		68,801
Corporate		48,690		43,683
Consolidated Totals	$	121,522	$	112,484